Derivatives and Risk Management in Shipping

Derivatives and Risk Management in Shipping

This book deals with the issues of risk management in the shipping industry. This book is split nine sections that deal with various aspects of risk management in the Shipping Industry. It provides the theory underlying the use of derivatives and deals with the practice of the use of derivatives for risk management and investment purposes. It then analyses the sources of risk in the shipping business and proposes ''traditional'' strategies for risk management at both the investment and operational level of the business. Traditional methods of risk management are compared and contrasted with those involving financial derivatives and the different solutions offered by the various types of derivative products are compared and practical applications examined.

A number of the concepts presented in this book appear for the first time in the subject literature. And it will further enhance knowledge of risk management and derivatives in the shipping industry. Finally, this book can provide solutions and become a point of reference for other industries with similar characteristics that wish to deal with the issue of risk management through the use of derivatives.